Trusts

What is a Trust?

A trust is a method of estate transfer that can occur prior to death and avoid many of the downsides of a will including probate, tax considerations, and administration. A trust document is executed by the settler transfer the “res” or property immediately into the trust to be manage by the trustee under the terms of the trust.

A trust may be a permanent transfer of property and control, as in an “irrevocable trust”. Or a trust can be a conditional transfer of property and control, as in an “irrevocable trust”. Trust constructions and issues are complicated but can save you a considerable amount to your estate in taxes.

There are a number of different types of trusts you can create:

Revocable Trusts
Irrevocable Trust
Asset Protection Trust
Charitable Trust
Constructive Trust
Special Needs Trust
Spendthrift Trust
Tax By-Pass Trust

Call a trust attorney at Merna Law today to start planning to protect your property.

REQUIRED BAR NOTICE: THESE TESTIMONIALS DO NOT GUARANTEE SIMILAR RESULTS.

The Merna Law Group, Attorneys At Law, P.C. …kind and friendly from the start!5 Stars! “Everyone there was kind and friendly from the start and helped us with everything in a timely manner. They were never rude no matter how much we called or asked questions.” Reviewed by B.P. of Virginia Beach on Feb 20 .

The Merna Law Group, Attorneys At Law, P.C. …overall experience was outstanding!5 Stars! “My husband and I were very happy with The Merna Law Firm. They are well organized, time manageable, and friendly. I was even able to bring my children with me if I needed to. In court, they stayed right there beside us and answered all questions we had. Our overall experience was outstanding and I am glad we were represented by the Merna Law Group.” Reviewed by A.M. of Suffolk on Mar 5 .

The Merna Law Group, Attorneys At Law, P.C. …very helpful and friendly!5 Stars! “Everyone at the office was very helpful and friendly. The attorney answered all of our questions and helped us through the entire process. He was also very helpful answering concerns that we had after the process was completed/over. Highly recommended!” Reviewed by M.E. of Virginia Beach on Mar 11 .